AUDIT REQUIREMENTS CLOVER BAY OR IRIS BAY Trial Balance — Annual basis General ledger in Detail Balance sheet - Annual Basis Income Summary - Monthly Expense summary - Monthly Cash and Bank accounts Retained earnings 1. Fixed assets a. Fixed asset register b. Depreciation workings 2. Accounts Receivables a. AR list b. AR aging ¢. Collections that took place — Annual period basis d. Bad debts 3. Prepayments a. Prepayment details b. Supporting for the additions to the prepayments 4. Deposits a. Deposits breakdown b. Supporting documents for the additions 5. Cash and cash in bank a. Bank reconciliation 6. Accounts payable a. AP list b. AP aging . Payments that took place as per year end period 7. Accruals a. Details of the accruals b. Supporting documents 8. Income a. Income registered as per period basis b. Contracts for supporting. Differed Income with supporting Other Income Basis of booking Monthly occupancy rate9. Expenses a. b. © d. e. f. Salary sheets for all months, list of Joiners and Resigned during the audit period. Ledger details of administration expenses and supporting Details of Direct expenses booked and supporting Details of Overheads booked and supporting Expense booking basis and proportionate Management fee working